Northern Trust Launches UCITS Portfolio Monitoring

Solution Supports UCITS Standards for Funds-of-Hedge Funds

LONDON, June 1, 2010 - Northern Trust (Nasdaq: NTRS) announced the latest enhancement to its
Hedge Fund Monitor solution today, with the addition of a new compliance
module designed to support the unique demands of UCITS funds-of-hedge funds.

"Our latest Hedge Fund Monitor enhancement helps fund managers running
UCITS funds-of-hedge funds to monitor their compliance with restrictions on
liquidity, concentration risk and exposure to underlying non-UCITS funds,"
said Ian Headon, senior product manager for alternative asset servicing at
Northern Trust.

"In addition to real time, customised investment compliance measurement
and performance and liquidity reporting, we have added functions specific to
restrictions and guidelines relating to UCITS funds. This assists managers in
assessing a fund's self-imposed strategy and geographical restrictions along
with compliance with UCITS guidelines," he added.

UCITS - Undertakings for Collective Investment in Transferable Securities
- are a set of European Union directives that allow collective investment
schemes to operate throughout the European Union on the basis of a single
authorisation from one member state. UCITS funds must operate within a strict
regulatory framework that imposes standards on liquidity, concentration risk,
transparency and other attributes.

"Northern Trust is committed to meeting the asset servicing needs of
traditional and alternative investment managers, often with complex fund
structures and multi-jurisdictional requirements," said Wilson Leech, head of
Northern Trust's Global Fund Services business. "Through our Hedge Fund
Monitor solution, we remain focused on helping our clients to manage risk,
liquidity and counter-party exposures, and enhance operational control and
governance through the availability of timely, automated data that is
critical to their portfolio management processes."

Northern Trust's latest enhancement to the Hedge Fund Monitor comes at a
time when a growing number of investors require greater transparency while
demand also increases for separately managed accounts and regulated products
such as UCITS funds. There is also the emergence of UCITS funds-of-hedge
funds - a UCITS fund investing in underlying UCITS alternative funds.

Note to editors:

Are you attending this year's Fund Forum event? Northern Trust's hedge
funds expert, Ian Headon, will be discussing this and other topics affecting
hedge funds and funds-of-hedge funds during his presentation: "How investor
behaviour is driving hedge fund managers". He will be presenting on Tuesday
29 June at 17:45. Please do not hesitate to contact Camilla Greene, Media
Relations, EMEA, should you wish to set up an interview at the event. For
further information about Fund Forum visit: www.icbi-fundforum.com

About Northern Trust

Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of
investment management, asset and fund administration, banking solutions and
fiduciary services for corporations, institutions and affluent individuals
worldwide. Northern Trust, a financial holding company based in Chicago, has
offices in 18 U.S. states and 16 international locations in North America,
Europe, the Middle East and the Asia-Pacific region. As of March 31, 2010,
Northern Trust had assets under custody of US$3.7 trillion, and assets under
investment management of US$647.3 billion. For 120 years, Northern Trust has
earned distinction as an industry leader in combining exceptional service and
expertise with innovative products and technology. For more information,
visit www.northerntrust.com.

Northern Trust Corporation, Head Office: 50 South La Salle Street,
Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the
U.S.

The Northern Trust Company, London Branch (reg. no. BR001960), Northern
Trust Global Investments Limited (reg. no. 03929218) and Northern Trust
Global Services Limited (reg. no. 04795756) are authorised and regulated by
the Financial Services Authority.

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EMEA, Camilla Greene, +44-(0)-207-982-2176, Camilla_Greene at ntrs.com, US, Canada & APAC, John O'Connell, +1-312-444-2388, John_O'Connell at ntrs.com, both of Northern Trust Corporation